Coupang, Inc. (NYSE:CPNG) Given Consensus Rating of “Hold” by Brokerages

Coupang, Inc. (NYSE:CPNG) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.70.

A number of research analysts recently issued reports on the company. Mizuho decreased their price objective on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Citigroup cut their target price on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. UBS Group set a $25.00 price objective on shares of Coupang in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd.

Coupang Trading Up 0.1%

CPNG opened at $18.94 on Friday. The stock has a market capitalization of $34.63 billion, a P/E ratio of 157.85 and a beta of 1.16. Coupang has a 12 month low of $16.74 and a 12 month high of $34.08. The firm’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $24.71. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

Coupang (NYSE:CPNG) last released its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter last year, the company posted $0.04 EPS. Coupang’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts anticipate that Coupang will post 0.17 EPS for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, Director Neil Mehta purchased 2,332,863 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, with a total value of $42,924,679.20. Following the transaction, the director directly owned 55,310,977 shares of the company’s stock, valued at $1,017,721,976.80. This represents a 4.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is currently owned by insiders.

Institutional Trading of Coupang

A number of hedge funds and other institutional investors have recently modified their holdings of CPNG. Dodge & Cox boosted its position in Coupang by 4.9% during the fourth quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock valued at $1,161,414,000 after purchasing an additional 2,285,600 shares during the last quarter. Capital International Investors raised its stake in shares of Coupang by 20.4% during the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after purchasing an additional 6,977,942 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Coupang by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares in the last quarter. Tiger Global Management LLC boosted its holdings in shares of Coupang by 65.9% in the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock valued at $619,645,000 after buying an additional 10,429,680 shares during the last quarter. Finally, Durable Capital Partners LP boosted its holdings in shares of Coupang by 0.4% in the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock valued at $799,629,000 after buying an additional 89,207 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

About Coupang

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.